Overview
- Bitcoin is consolidating around $110,000 after bouncing off the $106,000–$108,000 area, with traders watching resistance near $115,000–$116,000 and support around $107,000.
- U.S. spot Bitcoin ETFs saw renewed outflows, including roughly $488 million on Thursday and $191 million on Friday, totaling more than $600 million over the week.
- Analysts highlight a negative Coinbase premium near minus $80, indicating U.S.-led selling pressure alongside the ETF withdrawals.
- Technical readings have turned cautious, with reports of a daily-chart ‘death cross’ and tightening volatility bands that could precede a larger directional move.
- On-chain research notes falling futures open interest, SOPR stabilizing near 1.0, and record ERC‑20 stablecoin supply around $158.8 billion, as institutions publish wide cycle targets from $143,000–$146,000 to $200,000 and many recommend dollar-cost averaging.